SOLANA FLASHBACK: From $1 to the Sky — Will SOL Challenge $295 Again?

In 2020, Solana (SOL) was just a small altcoin trading below $2 — specifically around $1.03. Many were unfamiliar with it, let alone holding it. But who would have thought, in less than 3 years, Sol surged nearly 300 times to a peak of $295.83 in 2021-2022 — marking its name as the boldest "Ethereum killer."

2023: Sharp Correction, But Still Holding On

After the euphoria, tough times came. The year 2023 witnessed:

• SOL dropping drastically below $10

• But slowly rising and briefly rebounding above $120+

Macro conditions, the bankruptcy of FTX (one of Solana's early supporters), and the ebb and flow of DeFi interest contributed to SOL entering a long consolidation phase.

2025: Momentum Amidst Volatility

Now, the price of SOL is at $109.74, amidst market pressure after BTC corrected from $79K to $76K.

But SOL still has a "technical memory" of its former peak:

$295.83 — a price that could become a psychological magnet in the future.

The question is: Can SOL Come Back?

• Fundamentals are getting stronger: the Solana ecosystem continues to grow (NFT, DePIN, GameFi)

• Volume & adoption are increasing: daily transactions and active users are growing

• Technically :

$100 is becoming a new psychological support

If it manages to break $150–$180, $245 to $295 could become medium-term targets.

Conclusion:

SOL is not just a hype coin. It has weathered the storm, and now stands again on a more mature foundation.

For those who believe in the "second wave," SOL below $110 could be a historic opportunity — just like in 2020.